"It is the hereditary nature of wealth which is the largest contributor to long-term inequality." This is not true, because when you don't have hereditary natu

"It is the hereditary nature of wealth which is the largest contributor to long-term inequality." This is not true, because when you don't have hereditary nature of wealth, there is no wealth. Why would you be motivated to accumulate wealth? Economically you want people to save money and invest, when there is no target to have wealth, people will over spend. Spending means economically staying at same level as population, not improving.